BRP (DOO) Price Target Cut to C$74.00 by Analysts at Desjardins

BRP (TSE:DOO) had its price objective lowered by Desjardins from C$78.00 to C$74.00 in a research note published on Monday. Desjardins also issued estimates for BRP’s Q4 2019 earnings at $0.77 EPS and FY2019 earnings at $3.01 EPS.

Several other analysts have also issued reports on the company. Royal Bank of Canada upgraded BRP from a sector perform rating to an outperform rating and set a C$70.00 price objective for the company in a report on Tuesday, October 9th. BMO Capital Markets increased their price objective on BRP from C$70.00 to C$76.00 and gave the stock an outperform rating in a report on Tuesday, September 4th. National Bank Financial set a C$71.00 price objective on BRP and gave the stock a sector perform rating in a report on Wednesday, September 12th. Robert W. Baird cut their price objective on BRP from C$75.00 to C$65.00 and set an outperform rating for the company in a report on Tuesday, October 9th. Finally, CIBC increased their price objective on BRP from C$69.00 to C$79.00 in a report on Friday, August 31st. Five equities research analysts have rated the stock with a buy rating, BRP currently has a consensus rating of Buy and a consensus price target of C$65.13.

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Shares of TSE:DOO opened at C$40.60 on Monday. BRP has a 1 year low of C$39.69 and a 1 year high of C$74.67.

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 11th. Shareholders of record on Friday, December 28th will be given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 0.89%. The ex-dividend date is Thursday, December 27th. BRP’s payout ratio is 15.58%.

In other BRP news, insider Tracy Jerry Crocker bought 2,000 shares of the stock in a transaction on Wednesday, September 19th. The shares were purchased at an average cost of C$45.80 per share, with a total value of C$91,600.00.